By: Anthony Gil

Singapore's superb cybersecurity - This week in cybersecurity

Too busy working to keep up with cybersecurity news this week? Here’s a round-up of the top stories from the cyberscape.

iPhone bugs too valuable to report to Apple

One year ago at the Black Hat security conference, Ivan Krstic, Apple’s head of security announced the launch of the company’s bug bounty program. However, since then there is no public evidence that hackers have claimed any bug bounties according to Motherboard. Read more.

U.N. survey finds cybersecurity gaps everywhere except Singapore

A survey issued by the U.N. on Monday has found that Singapore has a near-perfect approach to cybersecurity, but many rich countries have holes in their defenses. According to the survey by the U.N. International Telecommunication Union (IT), "There is still an evident gap between countries in terms of awareness, understanding, knowledge and finally capacity to deploy the proper strategies, capabilities, and programs." Read more.

CopyCat malware infected 14 million outdated Android devices

A new strain of a malware called CopyCat has infected more than 14 million Android devices around the world, rooting phones and hijacking apps to make millions in fraudulent ad revenue. The majority of victims are in Asia, however, more than 280,000 Android devices in the U.S. were hit by the hack. Read more. 

A Dark Web marketplace is down and users suspect foul play

AlphaBay Market, one of the Dark Web’s largest markets for drugs, guns, and other illegal paraphernalia has been shut down since midnight Tuesday night, The Vergereports. There’s evidence of massive bitcoin withdrawals from the site’s accounts, with one blockchain record showing withdrawal transactions totaling roughly $3.8 million from an array of smaller accounts. Read more.

Microsoft could lay off 'thousands' as it focuses more on cloud services

On July 3, Microsoft reorganized its global sales force today to heighten its focus on selling cloud services instead of standalone pieces of software.The reorganization, among the latest in a series of structural changes the company has undergone, won't result in layoffs; however, thousands of jobs could be cut down as a result of the sales shuffle. Read more.

'NotPetya' Hackers Demand $256,000 In Bitcoin To Cure Ransomware Victims

Hackers responsible for the massive ransomware outbreak that crippled Ukraine last week are currently after 100 Bitcoin, worth $256,000. In a post on Pastebin, an unnamed party wrote: "Send me 100 Bitcoins and you will get my private key to decrypt any hard disk (except boot disks)."  Read more.

Official: firm at center of cyberattack knew of problems

According to the head of Ukraine's CyberPolice, the small Ukrainian tax software company, M.E. Doc that is accused of being patient zero of the recent "NotPetya' cyber attack is currently under investigation and will face charges. Read more.

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